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Thursday, September 21, 2006

Stock Watch for 21/9 - Breakdown



JOYG chart looks bearish as it closed below 6 mth low of 35.07 & also below 78% Fibonacci Retracement. Keep in on your radar for PUT options. Target exit at 32 (early Oct'04 gap)

OIH looks set to head lower as it broke the support @125 after trading in a range of 124-130 in the past week. 120 is the psychological mark as well as being close to 78% Fibonacci Retracement @ 119.3.

posted by Simply Options Trader at 4:28 PM PERMALINK


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